EX-10.15 5 d408016dex1015.htm EX-10.15 EX-10.15

Exhibit 10.15

EXECUTIVE VERSION

TRADEMARK SECURITY AGREEMENT

This TRADEMARK SECURITY AGREEMENT (this “Agreement”), dated as of November 20, 2012, is made by Altra Industrial Motion, Inc., Ameridrives International, LLC, Boston Gear LLC, Formsprag LLC, Inertia Dynamics, LLC, Kilian Manufacturing Corporation, Nuttall Gear L L C, TB Wood’s Incorporated, and Warner Electric Technology LLC (each a “Grantor” and, collectively, the “Grantors”), in favor of JPMorgan Chase Bank, N.A., as administrative agent for the Secured Parties defined in the Credit Agreement referred to below (in such capacity, the “Administrative Agent”).

W I T N E S S E T H:

WHEREAS, pursuant to that certain Credit Agreement dated as of November 20, 2012 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) by and among Altra Holdings, Inc. and certain of its subsidiaries party thereto (collectively, the “Borrowers”), the lenders from time to time party thereto (the “Lenders”) and the Administrative Agent, the Lenders have agreed to extend credit and make certain financial accommodations to the Borrowers;

WHEREAS, the Lenders are willing to extend credit and make such financial accommodations under the Credit Agreement, but only upon the condition, among others, that the Borrowers, the Grantors and certain other subsidiaries of the Borrowers shall have executed and delivered to the Administrative Agent for the benefit of the Secured Parties, that certain Pledge and Security Agreement dated as of November 20, 2012 (as amended, restated, supplemented or otherwise modified from time to time, the “Security Agreement”); and

WHEREAS, pursuant to the Credit Agreement and the Security Agreement, each Grantor is required to execute and deliver to the Administrative Agent this Agreement;

NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each Grantor hereby agrees as follows:

1. DEFINED TERMS. All capitalized terms used but not otherwise defined herein have the meanings given to them in the Security Agreement.

2. GRANT OF SECURITY INTEREST IN TRADEMARK COLLATERAL. Each Grantor hereby grants to the Administrative Agent a continuing first priority security interest in all of such Grantor’s right, title and interest in, to and under the following, whether presently existing or hereafter created or acquired (collectively, the “Trademark Collateral”):

2.1. all of its Trademarks, including those referred to on Schedule 1 hereto;

2.2. all renewals of the foregoing;

2.3. all goodwill of the business connected with the use of, and symbolized by, each such Trademark; and

2.4. all Proceeds of the foregoing, including, without limitation, any claim by such Grantor against third parties for past, present or future (i) infringement or dilution of any such Trademark or (ii) injury to the goodwill associated with any such Trademark; provided that no security interest shall be granted in any United States “intent to use” trademark applications to the extent that, and solely during the period in which, the grant of a security interest therein would impair the validity or enforceability of such “intent to use” trademark applications under applicable federal law; provided further that “Trademark Collateral” shall include any Proceeds of any such “intent to use” trademark applications.

3. SECURITY AGREEMENT. The security interests granted pursuant to this Agreement are granted in conjunction with the security interests granted to the Administrative Agent pursuant to the Security Agreement. Each Grantor hereby acknowledges and affirms that the rights and remedies of the Administrative Agent with respect to the security interest in the Trademark Collateral made and granted hereby are more fully set forth in the Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event of a conflict between the provisions of this Agreement and the Security Agreement, the Security Agreement shall control.

4. AMENDMENTS IN WRITING. None of the terms or provisions of this Agreement may be waived, amended, supplemented or otherwise modified except by an instrument in writing signed by the Administrative Agent and the Grantors.

5. GOVERNING LAW. This Agreement and the rights and obligations of the parties hereto shall be governed by, and construed in accordance with, the laws of the State of New York.

6. COUNTERPARTS. This Agreement may be executed in any number of counterparts and by the different parties hereto on separate counterparts and each such counterpart shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Agreement. Receipt by telecopy or other electronic transmission (including “PDF”) of any executed signature page to this Agreement shall constitute effective delivery of such signature page.

[Remainder of this page intentionally left blank]

 

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IN WITNESS WHEREOF, each Grantor has caused this Agreement to be executed and delivered by its duly authorized officer as of the date first set forth above.

 

GRANTORS:
ALTRA INDUSTRIAL MOTION, INC.
By:  

/s/ Christian Storch

Name:   Christian Storch
Title:   Vice President and Chief Financial Officer
AMERIDRIVES INTERNATIONAL, LLC
BOSTON GEAR LLC
FORMSPRAG LLC
INERTIA DYNAMICS, LLC
KILIAN MANUFACTURING CORPORATION
NUTTALL GEAR L L C
TB WOOD’S INCORPORATED
WARNER ELECTRIC TECHNOLOGY LLC
By:  

/s/ Glenn Deegan

Name:   Glenn Deegan
Title:   Secretary

[SIGNATURE PAGE TO TRADEMARK SECURITY AGREEMENT]

ADMINISTRATIVE AGENT:

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent

By:  

/s/ Peter M. Killea

Name:   Peter M. Killea
Title:   Sr. Vice President

[SIGNATURE PAGE TO TRADEMARK SECURITY AGREEMENT]

SCHEDULE 1

to

TRADEMARK SECURITY AGREEMENT

TRADEMARK REGISTRATIONS

 

Grantor    Mark    Registration No.      Date  
Altra Industrial Motion, Inc.    ALTRA INDUSTRIAL MOTION      3,360,155         12/25/2007   
Altra Industrial Motion, Inc.    A & Design (Altra Logo)      3,146,781         9/19/2006   
Altra Industrial Motion, Inc.    STIEBER      4,018,722         8/30/2011   
Altra Industrial Motion, Inc.    TORSI-LOCK      4,061,095         11/22/2011   
Ameridrives International, LLC    AMERICARDAN      2,488,262         9/11/2001   
Ameridrives International, LLC    AMERIDISC & Design      802,185         1/18/1966   
Ameridrives International, LLC    AMERIDRIVES      2,168,489         6/23/1998   
Ameridrives International, LLC    AMERIDRIVES      4,022,613         9/6/2011   
Ameridrives International, LLC    AMERIFLEX      1,000,720         12/31/1974   
Ameridrives International, LLC    AMERIGEAR      2,951,600         5/17/2005   
Ameridrives International, LLC    AMERILOC      3,995,157         7/12/2011   
Ameridrives International, LLC    THE AMERIGEAR FULLY CROWNED TOOTH      2,980,971         8/2/2005   
Boston Gear LLC    ACE      1,771,190         5/18/1993   
Boston Gear LLC    BEAR-N-BRONZ      603,829         3/29/1955   
Boston Gear LLC    BG & Design      298,486         10/25/1932   
Boston Gear LLC    BOST-BRONZ      547,544         9/4/1951   
Boston Gear LLC    BOST-BRONZ & Design      612,905         9/27/1955   
Boston Gear LLC    BOST-FLEX      1,111,218         1/16/1979   
Boston Gear LLC    BOSTON      522,912         3/28/1950   
Boston Gear LLC    BOSTON & Design      1,374,572         12/10/1985   
Boston Gear LLC    BOSTON GEAR      905,805         1/12/1971   
Boston Gear LLC    BOSTON GEAR      905,846         1/12/1971   
Boston Gear LLC    BOSTONE      1,131,198         2/26/1980   
Boston Gear LLC    BOS-TRONG & Design (stylized)      837,074         10/17/1967   
Boston Gear LLC    CENTRIC      1,365,217         10/15/1985   
Boston Gear LLC    CENTRIGARD      3,374,068         1/22/2008   
Boston Gear LLC    DCX      1,689,927         6/2/1992   
Boston Gear LLC    DCX PLUS      1,794,125         9/21/1993   
Boston Gear LLC    MOTOR MULTIPLIER      1,131,648         3/11/1980   
Boston Gear LLC    OPTIMOUNT      670,192         11/25/1958   
Boston Gear LLC    POSIVENT      2,875,347         8/17/2004   
Boston Gear LLC    RATOIPAX      985,828         6/11/1974   
Boston Gear LLC    RATIOTROL      743,713         1/15/1963   
Boston Gear LLC    STABILI SEAL      3,131,135         8/15/2006   
Formsprag LLC    BC MA      3,850,875         9/21/2010   
Formsprag LLC    CEBMAG      1,352,456         8/6/1985   
Formsprag LLC    CECON      2,871,858         8/10/2004   
Formsprag LLC    MARLAND      2,667,819         12/31/2002   
Inertia Dynamics LLC    UNIBRAKE      809,205         5/31/1966   
Kilian Manufacturing Corp.    HI TECH WORRY BEADS      3,747,826         2/9/2010   
Kilian Manufacturing Corp.    KILIAN      1,216,354         11/16/1982   
Nuttall Gear L L C    DELROYD      3,025,384         12/13/2005   
Nuttall Gear L L C    NGC & Design      3,031,121         12/20/2005   
Nuttall Gear L L C    NUTTALL      3,031,120         12/20/2005   
TB Wood’s Incorporated    ALL-PRO      2,165,737         6/16/1998   
TB Wood’s Incorporated    DECK & Design      1,409,209         9/16/1986   

Grantor    Mark    Registration No.      Date  
TB Wood’s Incorporated    DISC-O-TORQUE      859,264         10/29/1968   
TB Wood’s Incorporated    DURA-FLEX      1,116,828         4/24/1979   
TB Wood’s Incorporated    FIRST IN COUPLINGS      1,361,466         9/24/1985   
TB Wood’s Incorporated    FORM-FLEX      2,152,362         4/21/1998   
TB Wood’s Incorporated    G-FLEX      3,501,631         9/16/2008   
TB Wood’s Incorporated    POOLE      2,191,918         9/29/1998   
TB Wood’s Incorporated    QT POWER CHAIN      2,723,745         6/10/2003   
TB Wood’s Incorporated    ROTO-CAM      859,263         10/29/1968   
TB Wood’s Incorporated    SURE-FLEX & Design (stylized)      668,649         10/21/1958   
TB Wood’s Incorporated    SURE GRIP & Design (stylized)      645,415         5/14/1957   
TB Wood’s Incorporated    SURE-GRIP      646,423         6/4/1957   
TB Wood’s Incorporated    SURE-GRIP      1,109,150         12/19/1978   
TB Wood’s Incorporated    ULTRA-V      1,001,969         1/21/1975   
TB Wood’s Incorporated    ULTRA-V      1,001,970         1/21/1975   
TB Wood’s Incorporated    W TB WOOD’S & Design      2,059,245         5/6/1997   
Warner Electric Technology LLC    A-TRACK      3,263,081         7/10/2007   
Warner Electric Technology LLC    AQUAMAKKS      3,490,449         8/19/2008   
Warner Electric Technology LLC    AUTOGAP      681,746         7/14/1959   
Warner Electric Technology LLC    B-TRACK      3,609,446         4/21/2009   
Warner Electric Technology LLC    ELECTRO-MODULE      838,675         11/14/1967   
Warner Electric Technology LLC    ELECTRO-PACK      741,888         12/11/1962   
Warner Electric Technology LLC    F & Design      743,735         1/15/1963   
Warner Electric Technology LLC    FORMCHROME      867,512         4/1/1969   
Warner Electric Technology LLC    FORM-LOCK      870,852         6/10/1969   
Warner Electric Technology LLC    FORMSPRAG      1,216,418         11/16/1982   
Warner Electric Technology LLC    FORMSPRAG & Design      444,642         1/15/1952   
Warner Electric Technology LLC    GFR      3,494,910         9/2/2008   
Warner Electric Technology LLC    KOPPER KOOL      1,258,259         11/22/1983   
Warner Electric Technology LLC    LLH      1,759,504         3/23/1993   
Warner Electric Technology LLC    MAG STOP      1,851,941         8/30/1994   
Warner Electric Technology LLC    MESUR-FIL      990,826         8/13/1974   
Warner Electric Technology LLC    MISTRAL      2,168,734         6/30/1998   
Warner Electric Technology LLC    PCE      1,136,601         6/3/1980   
Warner Electric Technology LLC    SHEAVE-GRIP      3,085,816         4/25/2006   
Warner Electric Technology LLC    UNIDAMP      1,795,619         9/28/1993   
Warner Electric Technology LLC    UNIMODULE      1,678,062         3/3/1992   
Warner Electric Technology LLC    WARNER & Design (stylized)      527,445         7/11/1950   
Warner Electric Technology LLC    WARNER ELECTRIC      726,202         1/9/1962   
Warner Electric Technology LLC    WARNER ELECTRIC      1,026,080         12/2/1975   
Warner Electric Technology LLC    WARNER ELECTRIC      3,287,916         9/4/2007   
Warner Electric Technology LLC    WARNER LINEAR      3,413,352         4/15/2008   
Warner Electric Technology LLC    WICHITA      1,565,483         11/14/1989   
Warner Electric Technology LLC    WICHITA CLUTCH      3,039,567         1/10/2006   

TRADEMARK APPLICATIONS

None.